The stock of Edgewise Therapeutics Inc (EWTX) has seen a -11.93% decrease in the past week, with a -9.77% drop in the past month, and a 70.24% flourish in the past quarter. The volatility ratio for the week is 6.59%, and the volatility levels for the past 30 days are at 5.03% for EWTX. The simple moving average for the past 20 days is -7.21% for EWTX’s stock, with a 53.48% simple moving average for the past 200 days.
Is It Worth Investing in Edgewise Therapeutics Inc (NASDAQ: EWTX) Right Now?
The 36-month beta value for EWTX is also noteworthy at 0.14. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EWTX is 59.78M, and at present, short sellers hold a 12.19% of that float. The average trading volume of EWTX on November 15, 2024 was 1.15M shares.
EWTX) stock’s latest price update
The stock price of Edgewise Therapeutics Inc (NASDAQ: EWTX) has dropped by -2.53 compared to previous close of 32.87. Despite this, the company has seen a fall of -11.93% in its stock price over the last five trading days. benzinga.com reported 2024-09-30 that Edgewise Therapeutics EWTX is a small-cap pharmaceutical stock that has been all the rage recently. Shares are up 55% in the last three months and up 332% over the past 52 weeks.
Analysts’ Opinion of EWTX
Many brokerage firms have already submitted their reports for EWTX stocks, with Piper Sandler repeating the rating for EWTX by listing it as a “Overweight.” The predicted price for EWTX in the upcoming period, according to Piper Sandler is $48 based on the research report published on March 07, 2024 of the current year 2024.
Goldman gave a rating of “Sell” to EWTX, setting the target price at $5 in the report published on August 25th of the previous year.
EWTX Trading at 8.51% from the 50-Day Moving Average
After a stumble in the market that brought EWTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.95% of loss for the given period.
Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 6.59%, as shares sank -9.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +82.99% upper at present.
During the last 5 trading sessions, EWTX fell by -11.87%, which changed the moving average for the period of 200-days by +67.15% in comparison to the 20-day moving average, which settled at $34.53. In addition, Edgewise Therapeutics Inc saw 192.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EWTX starting from Russell Alan J, who sale 75,000 shares at the price of $28.27 back on Sep 20 ’24. After this action, Russell Alan J now owns 12,719 shares of Edgewise Therapeutics Inc, valued at $2,120,101 using the latest closing price.
MOORE JOHN R, the General Counsel of Edgewise Therapeutics Inc, sale 50,000 shares at $28.37 during a trade that took place back on Sep 20 ’24, which means that MOORE JOHN R is holding 3,252 shares at $1,418,510 based on the most recent closing price.
Stock Fundamentals for EWTX
Current profitability levels for the company are sitting at:
- -65.34 for the present operating margin
- 0.29 for the gross margin
The net margin for Edgewise Therapeutics Inc stands at -55.19. The total capital return value is set at -0.3. Equity return is now at value -31.90, with -30.22 for asset returns.
Based on Edgewise Therapeutics Inc (EWTX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -24.53. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -47.36.
Currently, EBITDA for the company is -112.81 million with net debt to EBITDA at 0.28. When we switch over and look at the enterprise to sales, we see a ratio of 1330.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 26.35.
Conclusion
In summary, Edgewise Therapeutics Inc (EWTX) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
